Addis Ababa, Ethiopia (PANA) - The annual bilateral consultations on the development Cooperation between the African Union (AU) and Germany have been successfully concluded, with the focus, this year, on further cooperation in job creation through the enhancement of technical and vocational skills and entrepreneurship.
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Brazzaville, Congo (PANA) – With its estimated public and publicly-guaranteed debt of about US$9.14 billion (CFAF 5,329 billion), equivalent to 110 percent of GDP, the Republic of Congo faces significant macroeconomic imbalances, according to an International Monetary Fund (IMF) staff team that on Wednesday concluded a 10-day mission to the country’s capital, Brazzaville.
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Geneva, Switzerland (PANA) – Highlighting the problems posed by illicit financial flows globally, including undermining rule of law and human rights, a United Nations human rights expert has called on Switzerland to ensure that so called dirty money – which stems from tax evasion and corruption – does not enter its financial market.
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Bangui, Central African Republic (PANA) – Restoration of peace, redeployment of the state, and decisive implementation of reforms will be key to achieve sustained economic recovery and medium term growth in Central African Republic (CAR) above the projected 4 percent for this year, according to an International Monetary Fund (IMF) staff team that on Wednesday concluded its visit to the capital, Bangui.
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Bissau, Guinea-Bissau (PANA) - Record high prices of cashew have significantly increased incomes for rural households in Guinea-Bissau, besides supporting general economic activity in the West African country, according to an International Monetary Fund (IMF) that has just concluded a two-week visit to the capital, Bissau.
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Abidjan, Côte d’Ivoire (PANA) – Authorities in Côte d’Ivoire and a mission of the International Monetary Fund (IMF) have agreed on the need to accelerate structural reforms critical to sustaining private sector-led economic growth which would spur growth and reinforce the West African country’s regional economic role.
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Washington, US (PANA) - Remittances to low- and middle-income countries are on course to recover in 2017 after two consecutive years of decline, said the latest edition of the World Bank’s Migration and Development Brief, released Tuesday.
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Kigali, Rwanda (PANA) - Rwandan flag carrier, RwandAir Express, on Tuesday said it has launched a new route from Kigali to Senegal's capital city, Dakar, according to an official statement made available to PANA in Kigali.
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Washington, D.C., US (PANA) - The International Monetary Fund’s Executive Board has appointed a high-level panel to undertake an external evaluation of the IMF’s Independent Evaluation Office (IEO).
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Abidjan, Cote d'Ivoire (PANA) - Economic Community of West African States (ECOWAS) Commission President Marcel de Souza on Monday described the CFA franc as an island to be preserved within the regional economic union of 15 countries.
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Khartoum, Sudan (PANA) – Sudan’s Minister of Finance and Economic Planning Mohamed Osman Rikabi on Sunday urged Sahel-Sahara Bank for Trade and Investment in Africa to increase its cooperation with Sudan and help with economic integration of Libya and Sudan.
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Freetown, Sierra Leone (PANA) - The International Monetary Fund (IMF) has completed a review of Sierra Leone’s economic performance, predicting that the country's economic growth would slow down to 5.6% in 2017 from 6.3% in 2016.
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Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved a private-sector, multi-currency line of credit of US$ 100 million and 1.3 billion South African Rands to the Industrial Development Corporation Plc (IDC) of South Africa, to support industrialization projects in both South Africa and other Regional Member Countries (RMCs).
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Nairobi, Kenya (PANA) - The Harare-based African Capacity Building Foundation (ACBF) warned on Friday the African Union member states ability to industrialise has been severely affected by brain drain, which is almost like subsidising the rich world from Africa's best trained brains.
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New York, US PANA) – Marking the World Maritime Day, the head of the United Nations maritime agency on Thursday highlighted contributions the shipping industry can make to the achievement of the global development goals.
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Abidjan, Cote d'Ivoire (PANA) - To mark the World Tourism Day on September 27, 2017, the African Development Bank (AfDB) has called for collaborative actions from all stakeholders for sustainable tourism development in Africa, saying that it recognizes that Africa’s tourism and travel industry can serve as an engine of progress for socio-economic transformation.
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Niamey, Niger (PANA) - The President of the African Development Bank (AfDB), Akinwumi Adesina, who arrived in Niamey on Tuesday for a two-day official visit to Niger, discussed with the Niger Head of State, Mahamadou Issoufou, the convergence of the priorities of the host country and the AfDB Group, as defined in the High 5s.
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